Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(LOSS) (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(LOSS) (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Revenue $ 246,233 $ 59,447 $ 474,147 $ 101,195
Revenue, related party 25,192 24,918 49,836 49,562
Less: allowances and refunds 0 0 0 0
Net revenue 271,425 84,365 523,983 150,757
Cost of revenues 194,311 867,025 370,730 1,181,328
Gross profit(loss) 77,114 (782,660) 153,253 (1,030,571)
Operating expenses        
Selling and marketing 41,321 159,156 223,067 338,497
General and administrative 2,483,166 5,236,018 6,233,455 9,121,614
Total operating expenses 2,524,487 5,395,174 6,456,522 9,460,111
Loss from operations (2,447,373) (6,177,834) (6,303,269) (10,490,682)
Other income (expense)        
Interest expense, net (271,825) (90,010) (522,050) (93,800)
Financing Costs (544,736) (1,774,750) (3,060,579) (2,299,632)
Change in fair value of derivative liabilities 9,940,307 814,213 18,819,893 3,053,071
Change in fair value of warrant liability 441,148 0 997,121
Amortization of debt discount (745,150) (4,229,977) (2,613,227) (6,049,639)
Gain on sale of assets of subsidiary 0 0 5,498 0
Gain on sale of interest in subsidiary 331,000 0 630,571
Loss on sale of rights and assets (178,032)   (178,032)  
Other income 23,231 63,450 20,446 52,095
Total other income (expense) 8,995,943 (5,217,074) 14,099,641 (5,337,905)
Income/(loss) before provision for taxes 6,548,570 (11,394,908) 7,796,372 (15,828,587)
Provision for taxes
Net income/(loss) $ 6,548,570 $ (11,394,908) $ 7,796,372 $ (15,828,587)
Income/(loss) per share attributable to common stockholders        
Basic (in dollars per share) $ 0.01 $ (0.32) $ 0.02 $ (0.47)
Diluted (in dollars per share) $ 0.00 $ (0.32) $ 0.00 $ (0.47)
Weighted average shares outstanding        
Basic (in shares) 701,378,818 36,100,385 506,569,535 33,435,964
Diluted (in shares) 10,739,100,799 36,100,385 5,605,827,806 33,435,964
Other Comprehensive income/(loss)        
Net income/(loss) $ 6,548,570 $ (11,394,908) $ 7,796,372 $ (15,828,587)
Unrealized gain from marketable securities 15,847 57,476 18,981 40
Comprehensive income/(loss) $ 6,564,417 $ (11,337,432) $ 7,815,353 $ (15,828,547)